PLAID : Emotion Tech Inc. Joining The Plaid Group (supplementary materials)

Emotion Tech Inc. Joining The Plaid Group

PLAID, Inc. (4165, TSE Mothers) | August 2021

｜ © 2021 PLAID, Inc.

Disclaimer

Forward-Looking Statements

This document contains forward-looking statements. These statements are based only on information that is available at the time

the statements are made. In addition, these statements do not constitute a guarantee of future results. They are subject to risk and

uncertainty. Please note that actual results may differ materially from those expressed or implied in the forward-looking statements

due to environmental changes and other factors.

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industries that the Company serves.

Even when new information is obtained or an event that is not forecast herein, etc. occurs in the future, the Company assumes no

obligation to update or revise any of the forward-looking information contained in this document.

Additionally, the information concerning companies or groups outside the Company is quoted from public information and

elsewhere. The Company does not verify in any way or guarantee its accuracy, appropriateness, etc.

｜ © 2021 PLAID, Inc.

22

Emotion Tech Inc. Joining Plaid Group

Give Shape to

Unspoken "Emotions" and Unexpressed "Feelings" with Technology

• © 2021 PLAID, Inc.

Maximize

the Value of People with the Power of Data

Contents

1. Transaction Overview
2. About Emotion Tech Inc.
3. Strategic Rationale

｜ © 2021 PLAID, Inc.

44

Transaction Overview

Acquisition of Stakes in Emotion Tech Inc.

• Acquired 59.5% stakes in Emotion Tech Inc. by purchasing from existing shareholders and underwriting newly issued
  stakes through the third-party allotment
• Own 64.0% of stakes in the company as a result of this transaction and its PL is consolidated from Q1 FY 9/2022

	Transaction Overview
Closing Date		September 28, 2021 (scheduled)
Deemed		September 30, 2021 (scheduled)
Acquisition Date
Acquisition Price		JPY 1.67 bil.
Source of		Cash and bank borrowing (scheduled)
Acquisition Costs
Impacts on		Consolidate balance sheet of Emotion Tech Inc.
Financials		and post a gain on step acquisitions and others
		adjustments, in the consolidated statement of
		income as consolidation adjustments（1）in FY
		9/2021
		Consolidate statement of income of Emotion
		Tech Inc. from Q1 of FY 9/2022

Change in % Shares

Others Others

95.5% 36.0%

PLAID

64.0%

PLAID

4.5%

Pre-acquisitionPost-acquisition

｜	© 2021 PLAID, Inc.	Note 1. For details, refer to the "Announcement regarding Transition to the Consolidated Statement and Notice of Consolidated Earnings Forecast for the Fiscal Year Ending	55
		September 30, 2021" announced on August 27, 2021